Power Financial
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Power Financial Corporation
(Toronto:PWF)
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751 Victoria Sq. Montreal, Quebec H2Y 2J3, Canada Tel. 514-286-7400 Fax 514-286-7424 |
Type: Public
On the web:
http://www.powerfinancial.com
Employees:
29,100
Employee growth: (2.0%)
Power Financial gets a charge out of insurance and investments. The holding company seeks controlling stakes in financial services companies in the US, the UK, and Canada. Core investments include 68%-owned Great-West Lifeco (subsidiaries include Great-West Life Assurance, Canada Life, and London Life Insurance, leading providers of insurance in Canada). Lifeco's US subsidiary, Great-West Life & Annuity Insurance, provides employee benefits and retirement plans. Boston-based fund manager Putnam Investments is also part of the family. Power Financial owns about half of IGM Financial, which owns Investors Group and Mackenzie Financial, distributors of mutual funds and other investment products and services.
Key numbers for fiscal year ending December, 2011:
Sales: $32,503.7M
One year growth: 0.3%
Net income: $1,831.8M
Income growth: 15.7%
Officers:
Co-Chairman: André R. Desmarais
Co-Chairman: Paul Desmarais Jr.
President, CEO, and Director: R. Jeffrey Orr
Competitors:
AXA Financial
Manulife Financial
Sun Life
Wikipedia on Answers.com:
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Power Financial
Power Financial Corporation (TSX: PWF) is a financial holding company. The Power Corporation of Canada holds a majority of the stock in the company.
Corporate governance
Current members of the board of directors of Power Financial are: André Desmarais, Paul Desmarais, Paul Desmarais, Jr., Gérald Frère, Anthony Graham, Robert Gratton, Don Mazankowski, Jerry Nickerson, Michel Plessis-Bélair, Raymond Royer, Guy St-Germain, and Emöke Szathmáry.
Directors emeritus of the company are: James W. Burns, Michael Pitfield and Killian Collins
External links
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